The stock price of Albemarle Corporation (NYSE: ALB) has dropped by -0.90 compared to previous close of 181.62. Despite this, the company has seen a fall of -2.37% in its stock price over the last five trading days. InvestorPlace reported 2023-09-19 that In general, large-cap stocks are associated with steady upside and continued value creation through dividends. It’s growth stocks that seem more exciting in terms of skyrocketing in quick time.
Is It Worth Investing in Albemarle Corporation (NYSE: ALB) Right Now?
Albemarle Corporation (NYSE: ALB) has a price-to-earnings ratio of 5.41x that is above its average ratio. Additionally, the 36-month beta value for ALB is 1.57. There are mixed opinions on the stock, with 20 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
The average price predicted by analysts for ALB is $262.53, which is $82.99 above the current price. The public float for ALB is 117.06M and currently, short sellers hold a 6.57% ratio of that float. The average trading volume of ALB on September 20, 2023 was 1.77M shares.
ALB’s Market Performance
ALB’s stock has seen a -2.37% decrease for the week, with a -1.85% drop in the past month and a -22.49% fall in the past quarter. The volatility ratio for the week is 2.21%, and the volatility levels for the past 30 days are at 2.60% for Albemarle Corporation . The simple moving average for the past 20 days is -5.31% for ALB’s stock, with a -18.88% simple moving average for the past 200 days.
Analysts’ Opinion of ALB
Many brokerage firms have already submitted their reports for ALB stocks, with Citigroup repeating the rating for ALB by listing it as a “Buy.” The predicted price for ALB in the upcoming period, according to Citigroup is $260 based on the research report published on June 14, 2023 of the current year 2023.
ALB Trading at -10.90% from the 50-Day Moving Average
After a stumble in the market that brought ALB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.20% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares sank -4.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.96% lower at present.
During the last 5 trading sessions, ALB fell by -2.37%, which changed the moving average for the period of 200-days by -35.25% in comparison to the 20-day moving average, which settled at $189.68. In addition, Albemarle Corporation saw -17.00% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at ALB starting from Norris Eric, who purchase 1,260 shares at the price of $195.49 back on May 10. After this action, Norris Eric now owns 26,596 shares of Albemarle Corporation, valued at $246,317 using the latest closing price.
Masters J Kent, the Chairman & CEO of Albemarle Corporation, purchase 5,470 shares at $181.64 during a trade that took place back on May 05, which means that Masters J Kent is holding 51,466 shares at $993,571 based on the most recent closing price.
Stock Fundamentals for ALB
Current profitability levels for the company are sitting at:
- +34.17 for the present operating margin
- +42.15 for the gross margin
The net margin for Albemarle Corporation stands at +36.75. The total capital return value is set at 25.14, while invested capital returns managed to touch 28.23. Equity return is now at value 46.40, with 23.80 for asset returns.
Based on Albemarle Corporation (ALB), the company’s capital structure generated 41.99 points at debt to equity in total, while total debt to capital is 29.57. Total debt to assets is 21.69, with long-term debt to equity ratio resting at 41.52. Finally, the long-term debt to capital ratio is 29.24.
When we switch over and look at the enterprise to sales, we see a ratio of 2.40, with the company’s debt to enterprise value settled at 0.12. The receivables turnover for the company is 6.81 and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.89.
In conclusion, Albemarle Corporation (ALB) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.